How to withdraw money from cryptocurrency ATM

South Africa’s cryptocurrency ATM was installed at Northwold Spar in Johannesburg. The ATM which was imported from Portugal will be able to process various forms of cryptocurrency tokens including Ethereum and Bitcoin. Gugulethu will find out from Shireen Ramjoo, founder of Liquid crypto-money, how this will work.

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The South African Revenue Service (SARS) has expressed its plans to release guidance on what the tax implications may be of trading in Bitcoin and are expected to advise on whether Bitcoin should be considered as an asset, a currency or a barter transaction. Pranith Meht, Tax Associate at Allen & Overy explains.

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